Nexo, which is the leading and regulated blockchain financial institution, has recently announced its further improvement of the collaboration with the world’s cryptocurrency exchange Binance. As the Binance news show, NEXO tokens are now trading on Binance’s decentralized exchange named Binance DEX.
This practically means that the NEXO token holders can now enjoy all of the benefits which have turned Binance into an industry favorite cryptocurrency exchange. These include liquidity, cutting-edge trading solutions, dedicated focus on security as well as decentralization.
Additionally, the NEXO tokens being launched on Binance DEX is something that is in line with the community-led approaches of both Nexo and the exchange. The Binance DEX listing brings numerous benefits for the crypto ecosystem as a whole as well as NEXO as a token that is getting more and more popular. On another level, it establishes a direct connection between NEXO and BNB holders, providing them with an efficient exchange mechanism as well as giving additional utility to both assets.
For those of you who haven’t been following our Nexo news, the history between Binance and the coin dates back to July 2018 when Nexo became the first cryptocurrency lender that started accepting the BNB token as collateral for Nexo and its Instant Crypto Credit Lines – a move that was hugely appreciated by Binance’s chief, Changpeng Zhao (CZ).
“We are happy to build a direct bridge between the Binance Chain ecosystem and the Nexo crypto banking services via the NEXO tokens and NEXO/BNB trading pair on Binance DEX. Furthermore, we are glad to have the BNB native coin integrated within Nexo’s instant crypto lending platform as this creates yet another strong utility for BNB.” said Ted Lin, Binance’s Chief Growth Officer.
In addition to the regular and growing passive income, the Nexo team is working on the NEXO Token Utilities 2.0 which is a toolkit that will bring a range of new amazing utility features that will include higher cashbacks, premium features, better interest rates, affiliate commissions, invite-only access to products and events and more.
“Binance is enormously important to the blockchain space and we are beyond excited help expanding the ecosystem, to the benefit of both BNB and NEXO Token holders, so that they can trade and borrow and soon earn in their respective cryptocurrencies as well,” concluded Antoni Trenchev, who is the Managing Partner at Nexo.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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